Auctions International Announces Share Purchase Agreement With Amero International Inc.
(firmenpresse) - WINNIPEG, MANITOBA -- (Marketwire) -- 01/23/12 -- Auctions International, Inc. ("Auctions") (PINKSHEETS: AUCI) would like to announce that on January 15, 2011, Auctions entered into a share exchange agreement to acquire 100% of the issued and outstanding shares of Amero International, Inc. ("Amero"), a private Manitoba based corporation.
The agreement obligates both companies to complete the share exchange transaction, subject to certain conditions, including execution of the agreement by the Amero shareholders, with the result being that Amero will become a wholly owned subsidiary of Auctions. At the closing of this formal agreement, all the shareholders of Amero will be issued two hundred and fifty thousand shares of Auctions for every one share of Amero that they hold as at the closing date.
About Auctions International
Auctions International, Inc. (PINKSHEETS: AUCI) is a Nevada Based company with a proven track record in management of real time over the net auctions of various commodities. AUCI has spent 3 years looking for a revenue generating vehicle that would supplement its current business model.
About Amero International Inc.
Amero International Inc. is a closely held private corporation duly registered in the province of Manitoba, Canada and Amero International is in the process of merging with Auctions International. Amero International Inc. has several divisions and product lines. This diverse company is involved in the manufacture, wholesale distribution, and both wholesale and retail sales via the Internet, of products ranging from outdoor recreational products to fine detail collectibles including precious metal mint items.
Amero International has current annual revenues of approximately $1.5 million with net revenues of over $600,000 and has a well planned and aggressive growth strategy. Amero International is the sole owner of CMC Mint with manufacturing facilities in China, warehousing in China, the USA and Canada. Company President Jean-Eric Plamondon has several years experience in the start-up of Internet based companies and has extensive experience in offshore production and world wide sales and distribution of quality mint collectibles and investment pieces (jewelry, coins and antique replicas with varying quantities of gold and other precious metals).
This press release contains or may contain forward-looking statements such as statements regarding the company's growth and profitability, growth strategy, liquidity, access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
Contacts:
Amero International Inc.
Jean-Eric Plamondon
President
204-963-5326
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Unternehmensinformation / Kurzprofil:
Datum: 23.01.2012 - 14:15 Uhr
Sprache: Deutsch
News-ID 106692
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contact information:
Town:
WINNIPEG, MANITOBA
Kategorie:
E-Commerce
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